How Safe is your Home's Value?
- Is the population increasing or decreasing?
- Is your market impacted by natural disasters?
- Are there enough jobs in a non-retirement area?
- If you are in a retirement area, what draws people there?
The Bottom Line is the DEMAND for houseing where you live.
The more the DEMAND, the better the chance that your area will recover from the soft real estate market sooner. Some areas have hardly been affected by the soft market because they are very desirable areas and in turn have HIGH DEMAND.
Ski Resort Towns, Unique places like Sedona, AZ and areas where land is scarce due to building restrictions and shortage of buildable land have the highest demand.
Here is a link for some shocking home value data
Office of Federal Housing Enterprize Oversight
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